August 2025

Peru: National cement despatches reached 0.97Mt in December 2024, a 0.1% year-on-year increase, according to the Cement Producers Association (Asocem). Total despatches in 2024 were nearly 12Mt, marking just a 0.01% rise compared to 2023, indicating stagnation in the sector.

Asocem members produced almost 0.92Mt of cement in December 2024, a 1% year-on-year decrease, and recorded a 3% decline in 2024 to 11Mt. Cement exports from members rose by 70% year-on-year in December 2024 to 0.13Mt, but fell by 8% for the full year. Imports increased to 3000t in December 2024, up by 22% year-on-year, and grew by 29% over 2024, with Chile as the sole supplier.

Clinker production by Asocem members dropped by 30% year-on-year in December 2024 to 0.66Mt, and by 8% over the 2024 period. No clinker was exported by Asocem members, a 100% year-on-year decrease from December 2023. Clinker imports surged by 376% year-on-year in December 2024 to 0.2Mt, sourced from South Korea (44%), Japan (24%), Ecuador (19%) and Turkey (13%).

Türkiye: According to the Turkish Ministry of Trade, Türkiye's global cement exports declined by 6.2% in 2024 to US$4.3bn, with exports in December 2024 amounting to US$341m, a 3% year-on-year decrease. Cement exports over the 12-month period from December 2023 to December 2024 also stood at US$4.3bn.

Cement exports from Türkiye to Kyrgyzstan also dropped in 2024, by 86% year-on-year, amounting to US$3.9m. However, December 2024 exports to Kyrgyzstan rose 7.2% year-on-year to US$751,065.

South Africa: PPC has partnered with Sinoma Overseas Development to build a US$159m, 1.5Mt/yr cement plant at an existing site in Western Cape. The plant will supply customers in Western Cape, Eastern Cape, and Northern Cape. This comes after PPC and Sinoma signed a 'strategic co-operation agreement' in July 2024 that would see them partner with each other to identify new projects and opportunities to improve the efficiency of PPC's operations.

Equipped with solar power and ‘the latest’ technology, the facility will reportedly improve energy efficiency, reduce coal consumption and lower emissions per tonne of cement produced, contributing to reduced production costs.

Over the next three months, the parties will finalise the scope and final assessment of the new plant, as well as the associated turn-key engineering, procurement and construction agreements. Construction of the new plant is expected to begin in the second quarter of 2025, with the plant commissioned by the end of 2026.

PPC CEO Matias Cardarelli said "With this new and most advanced energy and environmentally efficient plant in the country, we will be able to supply our customers with lower-carbon cement at a more competitive cost.”

Europe: Capsol Technologies has been awarded an engineering services agreement for a pre-FEED (front-end engineering design) study on its CapsolEoP carbon capture technology at a cement plant in Europe, aiming to capture 600,000t/yr of CO₂.

Johan Jungholm, chief of business development at Capsol Technologies, said "We are building on our commercial traction within cement, where Capsol has emerged as a preferred carbon capture technology provider. CapsolEoP can operate with up to 50% lower energy use than traditional post-combustion technologies such as amines. This, together with reduced complexity, has the potential of reducing levelised capture costs by 20-60% for cement plant owners looking to decarbonise their operations.”

Austria: RHI Magnesita and MCi Carbon, supported by €3.8m in funding under the Australia-Austria Industrial Decarbonisation Demonstration Partnership Program, are moving forward with plans to establish the world’s first carbon capture and utilisation (CCU) plant in the refractory industry at Hochfilzen, Tyrol.

The funding, provided by the Austrian Climate and Energy Fund and the Australian Department of Climate Change, Energy, Environment and Water, will support the CCUPScale project. This includes raw material analysis, pre-demonstration trials, low-carbon product development, process engineering and industrial integration.

The plant is expected to begin operations at RHI Magnesita’s facility in 2028 and aims to capture, convert and utilise 50,000t/yr of CO₂ to produce ‘CO₂-negative’ mineral products. The initiative uses MCi Carbon's mineral carbonation technology to reduce Scope 1 emissions and transform CO₂ into value-added materials.

Constantin Beelitz, regional president Europe, CIS & Türkiye at RHI Magnesita, said "This funding approval shows that we are on the right track with this project. For industries with unavoidable emissions like ours, CO₂ capture is currently the only viable path to achieve net-zero by 2050. However, we go one step further by not only capturing CO₂, but also converting it into products that provide solutions for us and other hard-to-decarbonise sectors, such as the cement industry."

Spain: Votorantim Cimentos Spain will invest €3.2m in a new clinker cooler at its Málaga plant, according to Alimarket. The upgrade will reportedly reduce thermal and electrical energy consumption and avoid approximately 11,000t/yr of CO₂ emissions. The project will receive a €725,960 subsidy from the regional government of Andalusia.

France: Bouygues Construction and Ecocem have signed a partnership to facilitate the use of Ecocem’s low-carbon ACT cement technology in Bouygues Construction’s projects.

The collaboration involves three stages of testing and validation. First, Bouygues Construction will conduct independent laboratory tests to evaluate ACT’s performance. Next, structural concrete walls will be built at Bouygues Construction’s facilities in Chilly-Mazarin, France starting in early 2025, and monitored to ensure thorough testing. Finally, a full-scale mock-up, including all structural elements, will be constructed to assess the in-situ application of ACT technology.  The testing programme aims to integrate ACT technology into Bouygues Construction projects following successful validation.

Holcim revealed the board members for its proposed North America business this week. Former group CEO Jan Jenisch was confirmed as the designated chair and CEO. He will be joined by nine directors chosen from sectors including construction, manufacturing, industrial operations and financial services. Notably, current Holcim director Jürg Oleas will be joining Jenisch at the new company. He previously worked as the head of GEA Group and had senior stints at ABB and the Alstom Group.

The group’s decision to split its business in North America from that in the rest of the world has been presented as a piece of financial engineering designed to increase earnings, margins and increase the value of the business. Markets in the US and Europe have diverged in recent years, with the former growing and the latter slowing in comparison. Splitting the business should, in theory, allow both companies to grow at their own pace. However, the spin-off company in North America will remain linked to Europe as it will be listed at both the New York Stock Exchange and the SIX Swiss Exchange. The latter is for the benefit of European investors. The separation is expected by the end of the first half 2025, subject to shareholder and customary approvals.

Naturally, other companies are also chasing growth in North America. Titan Cement announced this week that its US-based subsidiary, Titan America, has filed a registration statement with the Securities and Exchange Commission as part of a proposed initial public offering (IPO). Yet, the company said that the offering is subject to market conditions. As such it couldn’t say when it might happen, how big it might be or much else. Back in May 2024 the group said it was going to list Titan America in the US to “...facilitate the group’s and Titan America’s future growth and unlock new opportunities.” The IPO was intended to be of a minority stake without creating any large-scale tax issues. At this time the transaction was planned to be completed in early 2025.

Titan’s sales share in North America has remained similar from 2018 to 2023 at around 55%. Holcim’s, by comparison, grew to 39% in 2023 from 22% in 2018. This is due to big acquisitions in the US such as Firestone Building Products in 2021 as it built up its lightweight building materials segment. The size of the two companies’ operations in North America are also different. Holcim reported net sales in the region of over US$11bn in 2023. Titan reported net sales of just under US$1.5bn.

Ireland-based CRH moved its stock market listings to the US earlier than both Holcim and Titan. It completed the transition of its primary listing to the New York Stock Exchange in mid-2023, although it too retains a listing in Europe, at the London Stock Exchange in its case. Yet analysts have started to wonder whether the company might spin-off its businesses outside the US. As reported by the Irish Times, Bank of America analysts reckon that the non-US parts of the company now represent only 16% of the US$82bn concern. For sanity’s sake this is still a US$10bn-plus sized company! Although other commentators did wonder why CRH might have bought assets in Australia in 2024 if it was seriously considering making changes on this scale anytime soon.

Despite all this attention on the US and North America by some of the multinational cement producers, it is worth remembering that markets change over time. Europe may not look so hot right now but it is unlikely to stay like this. The head of Heidelberg Materials, for example, said in early 2024 that his company wasn’t planning a split in the US because it was focusing on decarbonisation. This may prove prescient in the longer term if Europe sticks to its sustainability goals. FInally, the US isn’t the only place where cement companies are attempting to build their value in growth markets. It was also reported this week that JSW Cement had obtained approval from the Securities and Exchange Board of India to proceed with its IPO.

Czech Republic: Wikov Industry has appointed Michal Kurtinec as the CEO of its Wikov Gear division. Other personnel changes include the selection of Radovan Rašpl as the CEO of Wikov TurboGear and Jan Vosátka as the CEO of Wikov GearServices.

Wikov Industry has reorganised itself into two divisions following its acquisition of Litostroj Power in December 2024. Wikov Gear includes Wikov TurboGear (formerly Wikov Gear), Wikov MGI, Wikov Sázavan, GGT Gmeinder Getriebetechnik, Detail CZ, Pacific Rim Engineered Products, Wikov Gear Canada, Wikov - Wessex, Wikov Indigear and Orbital2. The main focus of this division is the development, production, assembly and service of mechanical gearboxes and precision CNC machining. Wikov Hydro includes Litostroj Power (Slovenia), Litostroj Engineering (Czech Republic), Litostroj Hydro (Canada) and Litostroj US (US). This division focuses on the design, manufacture and maintenance of hydro turbines, reverse pump turbines, valves, pumps and is a supplier of complete turnkey solutions for hydro power plants.

Türkiye: thyssenkrupp Polysius has appointed Ugur Kacar as Head of Middle East and Turkey / Services. He has also been selected as the general manager and a board member for the local subsidiary thyssenkrupp Polysius Türkiye.

Kacar has worked for thyssenkrupp and its subsidiary thyssenkrupp Polysius since 2018. He started as Account Manager – Cement in Türkiye before becoming the Head of Sales - Middle East and Turkey for thyssenkrupp in 2021. Prior to this he held maintenance and project management positions with Çimsa, Limak Cement and Çimko Çimento. He holds an undergraduate degree in mechanical engineering from Cukurova University in Adana and a master of business administration (MBA) qualification.